Jordan Juarez

The committee reviewed the status of the Treasurer's Office, including preparations for the annual audit, tax bill ordering, and tax collection performance. Discussions covered the insights gained from the 2022 Annual NACo Conference regarding public sector talent retention and investment strategies amid economic volatility. Financial updates were provided on bank balances, property tax collection methods, and adjustments related to LEDA intercepts for Intel payments. The committee also assessed the status of county debt and reviewed the investment portfolio, noting the laddered maturity strategy, the integration of ARPA funds, and the overall performance of investments in a changing interest rate environment.

The committee discussed its recognition and status with the County Commission. Business included a presentation of county investment portfolios, discussion regarding a $7 million dollar loan for the Judicial Complex, review of the Investment Policy, and a review of the Tax Maintenance Report. Additionally, the committee established its meeting schedule for the upcoming year.

The board received briefings regarding county investments from the Treasurer and Portfolio Manager. Additionally, a briefing was provided by the Treasury Controller concerning the 2015 tax collections.

The committee reviewed the status of county investments, noting an increase in cash management investments and the establishment of a cash-matched account. Key agenda items included the approval of updates to the Investment Policy, a report on the hiring status within the Treasurer's office, details regarding an upcoming delinquent property tax auction, and discussions on the impact of House Bill 228. The committee also received updates on the status of two RFPs, current account balances, and tax collection performance. Financial reporting highlighted the payoff of a detention center loan and the closure of a general obligation bond. Additionally, the committee analyzed the quarterly investment report, addressing banking sector trends, Fed rate hikes, and portfolio performance, along with an explanation of adjustments to the Letter of Credit due to bank charter consolidation.

The committee discussed the status of the Treasurer's Office, including preparations for the annual audit and updates on cash management procedures. Portfolio performance and strategy were reviewed, noting Federal Reserve interest rate hikes and portfolio maturity schedules. A significant portion of the meeting was dedicated to reviewing and discussing proposed updates to the Investment Policy, specifically regarding collateralization ratios, the role of the investment committee, and non-discretionary vs. discretionary investment agreements. Additionally, a report on 2017 tax collections, property tax delinquency lists, and state auction procedures was provided.